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# How are companies affected?

Continuing our look into the impact of cyber crime the report by the Centre for Strategic and International Studies (CSIS) (Lewis 2018) gives a rather concerning insight into the rise and impact of cyber crime on a global level.

In 2014, CSIS estimated that cybercrime costs the world’s economy almost $500 billion, or about 0.7% of global income. That is more than the income of all but a handful of countries, making cybercrime a very lucrative occupation. Our current estimate is that cybercrime may now cost the world almost$600 billion, or 0.8% of global GDP.

(Lewis 2018: 4)

These statistics are quite startling when we consider that cyber crime has only been around since the 1980s.

Or has it been around longer? Consider the definition of digital as a means of moving information … when was the telephone invented? Or when did codebreaking become a governmental imperative? The timeline presented on the Engineering and Technology website: Hacking through the years: a brief history of cyber crime lists the major events in technology.